Daily News

CBO projects defense spending will top $3.3 trillion over next five years

Tony Bertuca   | April 09, 2018
The United States is projected to spend $3.325 trillion on defense over the next five years -- and nearly $7 trillion over the next decade -- amid a period of historic deficit increases, according to a new report from the Congressional Budget Office . Non-defense discretionary spending, meanwhile, is projected to be $3.511 trillion over the next five years and $7.480 trillion over the next decade, the report states. More broadly, CBO says that recent GOP-backed tax legislation and the...

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